COMPANY REGISTRATION NUMBER: N1056878 CHARITY REGISTRATION NUMBER: NIC104883 Causeway Rural & Urban Network Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 DONALDSON & THOMPSON Chartered Accountants 3 Limavady Road Londonderry BT47 6JU
Causeway Rural & Urban Network Company Limited by Guarante8 Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the directorfs report) Independent examiners report to the trustees 10 statement of financial activities (including income and expenditure account) 12 Statement of financial position 13 Notes to the financial statements 15
Causeway Rural & Urban Network Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Raport) Year ended 31 March 2023 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. Reference and administrative details Registered charity name Causeway Rural & Urban Network Charity registration number NIC104883 Company registration number N1056878 Principal office and registered 1 Brook Street office Coleraine BT52 1 PW The trustees Robert Ritchie Angela Welch Albert Clyde Indu Jairath Dorothy Moore Thomas McGonigle Anthony McGarvey Patrick Crothers (Appointed 10 September 2023) Network Manager Ann McNickle Company secretary Robert Ritchie Independent examiner Donaldson & Thompson Chartered Accountants 3 Limavady Road Londonderry BT47 6JU Structure. governance and management The organisation is a charitable company limited by guarantee. incorporated on 17th October 2005, accepted as a charity by HM Revenue & Customs under reference number XR44321 and registered with the Charity Commission for Northern Ireland on 1 st April 2016 under charity number NIC104883. The company was established under a Memorandum of Association which states the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being %vound up members are required to contribute an amount not exceeding £1.
Causeway Rural & Urban Network Company Limited by Guarantee Trustees. Annual Raport (Incorporating the Director's Report) {conLlnu¢d) Year ended 31 March 2023 Objectlves and activitles The charitable purpose of the company is: The advancement of community development in Northern Ireland (the 'area of benefrt") and in particular the promotion of the communty and voluntary sector for the benefit by providing servIs, training, support, information, facilities and amenities to community and voluntary groups and encouraging and assisting such groups and organisations to co-operate to achieve their aims. (1) To develop the capacty and skill of residents of communities in the area of benefit that suffer social and economic disadvantage, in Such a way that they are better able to identfy. and help meet. their needs and participate more fulty in society. (2) The advancement of health and well-being. (3) To promote good community relations, religious and racial harmony and equalty and diversity. (4) To promote such other charitable purposes as may from time to time be determined. CRUN was established in September 1999 as a network of local community and voluntary groups with the aim of enabling regeneration and encouraging sustainability in local communities through community development processes. The network has worked tirelessly since it was estsblished and currently has a database of over 240 organisations with more coming forward every year. Many changes have taken place over the years and CRUN currently implements a range of training and mentoring programmes in Community Development, Good Relations, Substsnce Misuse Education and Prevention and Positive Mental Health and encourages an ethos of collaboratNe working and sustainability to all of ts members. Programmes and projeds are delivered based on evidence and identified need within the Causeway Coast and Glen's area. The charity's trustees have had regard to the Charity Commission for Northem Ireland's guidance on public benefrt. Achievements and performance CRUN has maintained a level of funded projects to enable the organisation to continue to support the communty within the Causeway area. We have adapted our way of working, since the gbbal pandemic and now have a hybrid way of connecting and also engaging with individuals and community groups in the area. The continued support from the Department of Communities has enabled CRUN to retain its core staff to oversee the current projects. as listed below. and apply for further funding to 'Empower People Develop Communities Enable Change. During 2022123 the project5 have adapted and continued to ex1 within the communities that they support.
Causeway Rural & Urban Network Company Llmited by Guarantea Trustees. Annual Report (Incorporating the Director's Report) {contiftued) Year ended 31 March 2023 Achlevements and performance (con¢lnuedJ The YEAR Project. funded by Big Lottery has been funded Sin 1 April 2013 and has offered a range of different courses both accredited and unaccredited. A summary of the key activities that have been undertaken with the young people are: Meeting up with young people face to face again. Some young people still struggling wrth social anxiety, however overall contact positive and regular for most young people. Youth Led Group Activities O Group walks to explo local area. O Mobile escape room (designed and delivered by Young People across Causeway Coast and Glens Area over Hallowe'en) O Glamping Residential to reconnect with nature. O Sea swimming O Empower Youth Conference Accredited Training O OCN Crafting, OCN Youth Work, OCN Digital Fabrication • Unaccredited Training O Sports, CV Development, Job Search, Photography, money matters, cookery and child protection. One to one support O Weekly, fortnightly as requested by young people and weekly and monthly group support also offered. Fareshare Project O in response to an identffied need of service users we now have the Fashare Project in place with a focus on reducing food waste to remove Stigma of young people using a food bank. Website & Social Media O Website being reviewed and updated after input from young people to make it more user friendly. Social Media inpLrt youth led with particular reference to sharing jobs and opportunities as well as support organisations. Partnerships & Communty activities O Supporting loneliness network through research with Young People and staff O Partnership work with Community Foundation Nl on Community Solutions to Housing and Homelessness Programme O Partnership work with Mae Murray Foundation on Friendship and Photography O To support lifestyle. social and economic independence and inclusion for young people liaising with O Triangle Housing O Life Stories O PSNI O Jobs & Beneffts O Young people supported to design and deliver a mobile Hallowe'en escape room around CC&G area. O Young People supported to deliver a conference 'Empower Youth.,
Causeway Rural & Urban Network Company Limited by Guarantee Trustses, Annual Report (Incorporating the Directorfs Report) (conlinued) Year ended 31 March 2023 Achlevements and performance (conllnued) Social Enterprise O Suicide Prevention Development Officer (Northem Are Community Network) - young people working on social enterprise helped to design and supply posf(ive slogan tote bags for Suicide Prevention Project O NHSCT- young people working with Bronagh from NHSCT to provide bingo boards for care homes. Referrals and Signp05ting - Causeway Volunteer Centre, BRAKE, Triangle Housing, Jobs & Benefits, Disability Action The Fareshare Scheme has been a great asset to many young people and their support networks. The Fareshare scheme operates out of Room One (the room acquired by YEAR and designed and decorated by our Youth Management Board) some parentslsiblings also helped wrth a bit of the decorating. The Fareshare scheme has allowedYEAR to support young people and theirfamilies during the cost-of-living crisis. Everything from weekly food packages to ensuring young families had enough over Christmas to be able to afford heat, electricty, presents for children and food instead of having to choose between presents and food. Parents of young people are supported through the Fareshare scheme which d8CTeases the amount of stress in the family home making home life more manageable for both the young people and their support netsvorks. The pop in facility in Room One also provides a safe space for young people to call in to when they just feel the need to have a bit oftheir own space. The youth team purposefully built the pop in facility and Fareshare scheme around each other based on the identified needs of the young people involved with YEAR.
Causeway Rural & Urban Network Company Llmlted by Guarantse Trustees. Annual Report (Incorporating the DirectoS Report) {Mnllnu•dJ Year ended 31 March 2023 Achievements and performance (¢onllnued) The Brake Project has worked directty with 18 young people since 1 April 2021. We have been able to offer a variety of support to the participants who are engaging including; small group training sessions. 1..1 training sessions. group activty sessions and fortnightly 1.1 goal setting I review sessions. Group Training Sessions - Within these sessions we have continued to deliver a range of accredited training programs to the participants including OCN Good Relations Training 1.1 Training se55ions - theses session are beneficial to some of the young people. they enable the team to get a better understanding of the individual needs and how to integrate into a group setting. Group Activty Sessions - group sessions take place twice weekly and involve team building activities, healthy eating, cookery and building up essential lrfe skills. 1.1 Support Sessions These sessions have been completed on a fortnightly basis during the past quarter given the complexity of the challenges which these participants are facing. The sessions take place in local coffee shops, walks on the beach I park to provide a more relaxed infomial setting. They continue to address goal setting and reviews and also include support regarding finance. work experience feedback, job application support and interview skills Spring Programme The Spring programme continued throughout 2022-23 with the social prescriber receiving referrals from GP and Primary Care providers in the legacy Coleraine Borough Council area for support with - social isolation, low level mental health, chronic pain and physical inactivty. The target number of referrals from was 60. Referrals were very busy with referrals coming from predominately the MDTS now in place in most of the practices throughout the catchment area. CRUN have continued to provide bespoke programmes that have been tailored to the needs of those referred. Vle have provided workshops on the themes of therapeutic arts, painting, creative writing, stress management, social cafes, nutrition support and gentle exercise. We have made a conscious effort to get more people back meeting in person, as this helps with social isolation and mentsl health. We also provided sessions called 'Better Days, which help people dealing with chronic pain. We continue to help support programmes with funding from a variety of sources - such as the Causeway GP Federation and the Community Development & Heah Network.
Causeway Rural & Urban Network Company Llmlted by Guarantsa Trustees. Annual Report (Incorporatlng the Dlrector's Report) (contlnu•dJ Year ended 31 March 2023 Achlevements and performance (n11ned) Suicide Prevention small grants provide much needed support to 11 communty organisation51groups and helped over 500 beneficiaries and numerous volunteers providing 1050 volunteer hours for the groups. Some of the activities included in the grant applications have been for people and communities to socialise again in a safe environment. The Community based Suicide Prevention Development Officerfs (SPDO) is a joint community resour between CRUN and NACN wf(h the aim of protecting and improving mental health and wellbeing whilst reducing health inequalities. Suicide prevention is a key priority of the CRUNINACN SPDO which requires action across many sectors including working across early years, education, health, schools, communities, sports clubs and churches. CRUN has also individually worked with many groups offering advice and support on Capacity Building, Partnership Working. Grants Applications, Financial Good practice, Mentoring Support. Charity Commission Applications & Risk Assessment Procedures. which was made more difficult during the pandemic. TY1ve communty group5 have availed of annual accounts preparation and independent examination as required by the Charity Commission. Choose to Live Better Programrne The project provided an excellent introduction for a group of identified people in the local area to try new physical activities. 50 participants took part in a physical activty programme that they may otherwise not have been able to access for various reasons., 38 participants engaged in outdoor activities in fresh air; 12 participants regularly attending a weekly yoga class in a venue they are comfortable in and making social connections weekly. 20 participants introduced to the ben8frts of water based actmty,. 50 participants taking more ownership of their health and well-being journey with support from their local communiiy based Healthy Living Centre; 50 participants who have buitt resilience and sociallpersonal esteem through engagement in the programme,. 50 participants increased their physical activity to meet the recommended guidelines:
Causeway Rural & Urban Network Company Llmlted by Guarantee Trustses, Annual Report (Incorporatlng the Directorfs Report) (continuedj Year ended 31 March 2023 Achievements and performance (contlnu8dJ Good Relations Activities Our project, Shared Threads was aimed at women from single identty areas who were linked or have family links to legacy issues. Some of the activities competed included.. Family History Research Shared History Walks Personal Development sessions Creative sessions including pottery, fused glass, knitting & crochet. OCN accredrted training in Community Development and Good Relations study visits I team building events Quotes from feedback forms I never thought I would be on zoom chatting and leaming from so many interesting women from all partsl I have become so much more confident in sharing my thoughts. Great program I leamed a lot about culture and diversity. Despite our differences we have so much in common. Really have had my awareness raised about the value we bring to society. Really enjoyed the personal development classes. Have really developed my leadership skills. This programme has made me realise that we can all make a difference 131 Participants took part in the programme. 700A of the participants had not participated in a good relations project before. Building the Community Pharmacy Partner Programme- Firm Foundations We worked with one group of 12 participants for the duration of the programme, which was 14 sessions. CRUN and the phamiacist will co-produce a programme to address SOCIAL ISOLATION and MENTAL VELLBEING based on inputs from the group at both design and implementation phases.
Causeway Rural & Urban Network Company Limited by Guarantee Trusts8s' Annual Report (Incorporating the Directorfs Report) (contlnu•dJ Year ended 31 March 2023 Achievements and performance (conrfnuedj Programme Activity Family History Research Awareness Raising Session on Zoom Horticutture Skills Little Free Libraries Construction Project Celebration Event - Making Christmas Cards Celebration Event - Making Christmas Wreaths Drumming Circle on Zoom Family History Research Family History Research Study Visits - Shared History Walks Introduction to community gardening OCN Level 2 Communty Development and Good Relations Teambuilding Visit to the Jungle Introduction on to Crochet Fact Check Nl Session on introduction to Critical Thinking Crafting and Introduction to P¢)wer Tools Halloween Themed Crafting Introduction to Self-care Introduction to sewing machines Building Inner Strength Introduction to dressmaking Personal development Ceramic Project Fused Glass Project Flnanclal revlew The results for the year are contained in the financial statements from page 8. The Network has continued to receive funding from various government agencies and funders to support the varied work that they undertake. This has been received through various tender and grants processes. The reserves of the organisations have been maintained at a constant level to enable it to continue for a short period of time in the event of them being unable to obtain funding, this also ensures that the Company can meet its legal redundancy requirements. Plans for future periods Hopefully the pandemic will start to have less of an effect on the population and we will retum to a new nomal, with groups being able to meet up. The trustees will continue to build on what Causeway Rural & Urban Network has established over its 30 years and maintain its core values and objectives to ensure the continued development wrthin the communities of the Causeway area and beyond. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the Small companies exemption.
Causeway Rural & Urban Network Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Directorfs Report) (contlnuodj Year ended 31 March 2023 The trustees, annual report was approved on 7 November 2023 and signed on behalf of the board of trustees by: Robert Ritchie Trustee Albert Clyde Trustee
Causeway Rural & Urban Network Company Limlted by Guarantee Independent Examlner's Report to tha Trustees of Causeway Rural & Urban Network Year ended 31 March 2023 I report on the financial statements for the year ended 31 March 2023, which comprise the ststement of financial activities (including income and expenditure account). statement of financial position and the related notes. Respective responsibilities of trustees and examiner The charity's trustees (who are also the directors of the Gompany for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to= examine the account5 under section 65 of the Charities Act., to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act,. and to state whether particular matters have come to my attention. Basls of Independent examlner's report I have examined your charity accounts as required under section 65 of the Charities Act and ry examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities A. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trust88s conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. That there is further infonnation needed for a proper understanding of the accounts to be reached. 10
Causeway Rural & Urban Network Company Limited by Guarantee Independent Examlner's Report to the Trustsas of Causaway Rural & Urban Network (continued) Year ended 31 March 2023 Independent examiner's statsment I have completed my examination and ha no concems in respect of the matters (1) to (4) list8d above and, in connection with following the Directions of the Charity Commission for Northem Ireland. I have ft)und no matters that require drawing to your attention. sin your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. I can confimi that l am qualified to undertake the examination because l am a registered member of 'named body, which is one of the listed bodies. Donaldson & Thompson Chartered Accountants Independent Examiner 3 Limavady Road Londonderry BT47 6JU 7 November 2023 11
Causeway Rural & Urban Network Company Limited by Guarantee statement of Flnancial Activitles (includlng income and exp8ndlture account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Charitable activities Investment income 243,849 123,583 367,432 373.511 14 Total income 243,854 123.583 367,437 373,525 Expenditure Expendrture on charitable activities Total expenditure 312,613 312,613 100.481 413,094 384,204 100.481 413,094 384,204 Net expenditure and net movement In funds (68,759) 23,102 (45.657) (10,679) Reconciliation of funds Total funds brought for4vard Total funds carried forward 134,840 66,081 47,423 70,525 182,263 192.943 136,606 182,264 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 15 to 23 fomi part of the•e financial statemonts. 12
Causeway Rural & Urban Network Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Flxed assets Tangible fixed assets 14 5,726 5,514 Current assets Debtors Cash at bank and in hand 15 56,639 90,041 80,540 104,013 146,680 184,553 Creditors: amounts frdlling due within one year Net current assets 16 15,800 130.880 7,803 176,750 Total aets les¥ Current liabilities 136.606 182,264 Net assets 136.606 182,264 Funds of the charlty Restricted funds Unrestricted funds 70,525 66,081 136,606 47,423 134,841 Total charity funds 18 182,264 For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordan with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The not08 on pages 15 to 23 fomi part of these flnanclal statements. 13
Causeway Rural & Urban Network Company Llmlted by Guarantee statement of Financlal P¢)sition (continued) 31 March 2023 These financial statements were approved by the board of trustees and authorised for issue on 7 November 2023, and are signed on behalf of the board by: Robert Ritchie Trustee Albert Clyde Trustee Company registration number: N1056878 The company is a private limited company limited by guarantee, registered in Northern Ireland. The note• on pages 15 to 23 form part ol th080 flnanclal •tstomonts. 14
Causeway Rural & Urban Network Company Limitad by Guarantee Notes to the Financial Statsments Year ended 31 March 2023 General inforniation The charity is a public benefft entity and a private company limited by guarantee. registered in Northem Ireland and a registered charity in Northem Ireland. The address of the registered offi'ce is 1 Brook Street, Coleraine. BT52 1 PW. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investrnent properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charit$ ability to continue. Judgements and key sources of estimation uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charitys purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the tems of an appeal, and fall into one of iwo sub-classes.. restricted income funds or endowment funds. 15
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Flnanclal Statements (contlnued) Year ended 31 March 2023 Accountlng policies (confinu8dJ Incoming resources All incoming resources are included in the ststement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits as50ciated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gfft, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when reiVed rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted sen4ice. This is classified as unrestricted funds unless ther8 is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent. in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classrfied under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities. events, non- charitsble trading activitres. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiarie5, including those support costs and costs relating to the governance of the charty apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activty are allocated directly to that activity. Shared costs are apportioned befvrfeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depCiatIon and subsequent accumulated impaiment losses. 16
Causeway Rural & Urban Network Company Llmited by Guarantee Notes to the Financial Statements (¢ondnuedJ Year ended 31 March 2023 Accounting policies (Continued) Tangible assets (conllnued) An increase in the carying amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the Cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows: Fixtures, fittings & equipment 20% reducing balance Impairnient of fixed assets A review for indicators of impaimient is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impaimient testing, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefrt from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a fi'nancial liability is recognised only when the entity becomes a party to the contractual provisions of the in5trurnent. Basic financial instrument5 are initially recognised at the amount receivable or payable including any related transaction costs, unles5 the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilitie5 are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. 17
Causeway Rural & Urban Network Company Limlted by Guarantee Notes to the Financial Statements (conlinuedj Year anded 31 March 2023 Accountlng policles fconthuedj Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related ser4ice, the liability is measured on a discounted present value basis. The unwinding of the discount is COgniSed as an expense in the period in which it arises. Limitod by guarantee Causelvay Rural & Urban Network is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being vmund up while he or she is a member, or within one year after he or she ceases to be a member. Charftable actlvltles Unrestricted Funds Restricted Total Funds Funds 2023 Grants Receivable-DfC Grants Re1Vab1e-PHA Small Grants Grants Receivable-causeway Coast & Glens Grants Receivable'.HSTCT Grants Receivable.'Radius Housing Grants Receivable-NACCN Grants Receivable-IFI-PYDP Grants Receivable-CDH Grants Recetvable-BB Health Forum Grants Receivable-BCPP Income from Charitable activities Grants Receivable-The National Lottery Community Fund Grants Receivable-TEO Good Relations Step Grants Receivable-TEO Shared Threads Grants ReIVable-Northern Healthy Lrfestyle Partnership Grants Receivable-causeway CYPSP 71,737 10,894 71.737 10.894 2,500 1,575 87,151 3,000 29,189 2,500 1,575 87,151 3.000 29.189 6,370 6.370 123,583 123.583 27,164 27,164 3.860 400 3,860 400 243.849 123,583 367,432 18
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Flnanclal Ststements (condnuedj Year ended 31 March 2023 Charitable actlvities (conrfnued) Unrestricted Funds Restricted Total Funds Funds 2022 Grants ReGeivable-DFC Grants Receivable-PHA Small Grants Grants Receivable-causeway Coast & Glens Grants Receivable.'HSTCT Grants Receivable.'Radius Housing Grants Receivable-NACCN Grants Receivable-IFI-PYDP Grants Receivable-CDH Grants Receivable-BB Heatth Forum Grants Receivable-BCPP Income from Charitable activities Grants Receivable-The National Lottery Comrnunity Fund Grants Receivable-TEO Good Relations Step Grants Receivable-TEO Shared Threads Grants Receivable-Northern Healthy Lifestyle Partnership Grants Receivable-causeway CYPSP 68,876 23.300 10.066 9,580 68,876 23.300 10.066 9,580 1.251 59,758 10,000 26,980 2,000 4,509 1,251 59,758 10,000 26,980 2,000 4,509 460 56,018 100,713 101,173 56,018 272,798 100,713 373,511 Investment income Unr8Stricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 14 14 19
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Flnancial Statements (contlnued) Year ended 31 March 2023 Expendlture on charltable actfvities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Community projects Personal Youth Development programme Support costs 254,577 53,915 4,121 99,435 354,008 53,915 5,171 1,046 312,613 100,481 413,094 Unrestricted Funds Restricted Total Funds Funds 2022 Community projects Personal Youth Development programrne Support costs 250,602 38,631 2,746 90,709 341.311 38.631 4,262 1,516 291,979 92,225 384,204 Expenditure on charitable activities by actlvlty type Activities undertaken Grant funding directly of adivities Support Total funds costs 2023 Total fund 2022 Community projects Personal Youth Development programme Governance costs 351,916 2.092 1,658 355,666 342,445 53,915 53,915 3,513 413,094 38,631 3,128 3,513 405,831 2,092 5,171 384,204 Analysls of support costs Community projects Total 2023 Total 2022 General office Finance costs Govemance cost5 1,509 149 3,513 1,509 149 3,513 1.000 134 3.128 5,171 5,171 4.262 20-
Causeway Rural & Urban Network Company Llmited by Guarantee Notes to the Financlal Statements (contlnuedj Year ended 31 March 2023 10. Net expenditur• Net expenditure is stated after chargingl(crediting): 2023 2022 Depreciation of tangible fixed assets 1,431 1.379 11. Independent examination fees 2023 2022 Fees payable to the independent examiner for.. Independent examination of the financial statements 560 12. Staff costs The average head count of employees during the year was 10 (2022: 10). The average number of fulktime equivalent employees during the year is analysed as follows: 2023 No. 2022 No. Number of staff 10 10 No employee receNed employee benefrts of more than £60,000 during the year (2022: Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility ft)r planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £42,178 (2022:£41,159). 13. Trustse remunoration and expenses No remuneration or other benefts from employment with the charity or a related entity were reiVed by the trustees. No trustee expenses have been incurred. 21
Causeway Rural & Urban Network Company Llmited by Guarantee Notss to the Financial Statements (contlnued) Year ended 31 March 2023 14. Tangible flxed assets Fixtures and ffttings Total Cost At 1 Apr 2022 Additions Disposals At 31 Mar 2023 20,286 1,804 (1,039) 21,051 20,286 1,804 (1.039) 21,051 Depreciation At 1 Apr 2022 Charge for the year Disposals At 31 Mar 2023 14,772 1,431 (878) 15,325 14,772 1,431 (878) 15,325 Carrylng amount At 31 Mar 2023 5,726 5,726 5.514 At 31 Mar 2022 5,514 15. Debtors 2023 2022 Prepayments and accrued income Other debtors 10,797 45,842 56.639 30,345 50,195 80,540 16. Creditors: amounts falllng due within one year 2023 2022 Accruals and deferred income Other creditors 15.800 5.599 2,204 7.803 15.800 17. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £12,214 (2022: £11.472). 22
Causeway Rural & Urban Network Company Limited by Guarantee Notes to the Flnanclal Statements (conlinutdj Year ended 31 March 2023 18. Analysis of charitable funds Unrestricted funds At 1 Apr 2022 At Income Expenditure 31 Mar 2023 General funds 134,840 243,854 (312,613) 66,081 At 1 Apr 2021 At Income Expenditure 31 Mar 2022 General funds 154,008 272,812 (291,979) 134.841 Restricted funds At 1 Apr 2022 At Income Expenditure 31 Mar 2023 Restricted Funds 47,423 123,583 (100,481) 70,525 At 1 Apr2021 At Income Expenditure 31 Mar 2022 Restricted Funds 38,935 100,713 (92,225) 47,423 19. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2,942 77,460 {14,321) 66,081 2.784 69,220 (1,479) 70,525 5,726 146,680 (15,800) 136,606 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed asset5 Current assets Creditors less than 1 year Net assets 2,035 139,859 (7.053) 134,841 3,479 44,694 (750) 47,423 5,514 184,553 (7,803) 182,264 23